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Wall St. pulls back from records on worries about virus outbreak and global growth

Stock MarketsJan 21, 2020 04:08PM ET
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© Reuters. Traders work on the floor at the NYSE in New York

(Reuters) - Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast.

The Dow Jones Industrial Average (DJI) fell 151.25 points, or 0.52%, to 29,196.85, the S&P 500 (SPX) lost 8.75 points, or 0.26%, to 3,320.87 and the Nasdaq Composite (IXIC) dropped 18.14 points, or 0.19%, to 9,370.81.

Wall St. pulls back from records on worries about virus outbreak and global growth
 

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Comments (4)
Thom Miller
Thom Miller Jan 21, 2020 3:41PM ET
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It would appear the only thing Trump got from the Chinese in his Phase 1 trade agreement was the coronavirus. It would be a real shame if it made its way to the White House....
Ben Net
Ben Net Jan 21, 2020 12:46PM ET
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yes 6 chinnese people die of a virus and sp500 is weak due it??? ... they are not even trying anymore!
Max German
MaxiGE Jan 21, 2020 12:46PM ET
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the problem is ebola did the same but on slower pace but it did change fast
John Klan
John Klan Jan 21, 2020 10:31AM ET
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Just an excuse to sell off an over bought market. There are still some good values out there but they are getting harder to find.
Patryk Sl
Patryk Sl Jan 21, 2020 10:22AM ET
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lol, yeah, Wall Street cares about virus in China...
ligma balls
ligma balls Jan 21, 2020 10:22AM ET
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Yes, because Asia is one of the biggest economies in the world buddy...
 
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